Austria's Wiener Konzerthaus, one of Europe‘s leading concert venues, announced early December that, following many years of budgetary difficulties, a loan for the renovation of the Wiener Konzerthaus amounting to 6.41 million Euros will be paid off at the end of this year. In a joint effort, the Wiener Konzerthaus, the Federal Government and the City of Vienna have found a way fully to relieve the Wiener Konzerthausgesellschaft of this long-standing debt. As Konzerthaus President Dr Konrad said: ‘This is a milestone in the history of the Wiener Konzerthaus.
The general renovation of the house, undertaken between 1998 and 2001, included the completion of much needed maintenance work as well as an improvement of the building’s functionality to an international standard fit for the future. This has made the Wiener Konzerthaus one of the most effective concert venues worldwide in terms of building, functionality and acoustics.
The Wiener Konzerthausgesellschaft, which has been responsible for maintaining and running the Wiener Konzerthaus for 106 seasons now, is a membership-based, non-profit organisation that is mostly privately sponsored. Only a few years ago, it was faced with an economic situation
that seriously threatened the long-term integrity of its creative planning and independence.